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There is a bond which has an annual coupon interest rate of 6 . 0 0 % The bond has a maturity of ( years
There is a bond which has an annual coupon interest rate of
The bond has a maturity of years
It has a yield to maturity of
Assume a typical par value for this corporate bond.
What is the Annual Duration of such a security?
Round your answer to three decimal points ie
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